followed by the software and hardware industries
which rose by13.6%, and

the non-petroleum energy sector, where remuneration
was up by13.5%.

At the other end of the scale, were:

the hospitality industry, where compensation rose by
6.9%

the non-profit sector which increased by 7%, and

compensation in the petroleum sector, which increased
by 7.1%

Further, the survey found that practitioners in the
Northeast received higher packages than their peers, with
average total compensation of $137,112, an increase of 8.5%
on 2000 numbers. In other regions,

those in the southeast received $108,923, up
7.2%

followed by practitioners in the Midwest who received
$114,822, an increase of 7.2%,

while their counterparts in the West received
$113,318, an increase of 8%

Other Benefits

Over two-thirds (68%) said their firms offered a
flexible workday, while 21% have flexible workweeks. Nearly
three-quarters (74%) have casual dress codes.

More than 60% of bankers and nearly half (45%) of
corporate practitioners “experienced” a merger in the last
two to three years. Of those, nearly three-fourths of the
bankers and half the practitioners saw layoffs in their
department as a result.

Most popular recruiting tools were moving expenses and
temporary living allowances, followed by hiring bonuses and
the purchase of a former residence.

The survey gauged the responses of to over 150 questions
on the career development, compensation and benefits, of
2,980 financial professionals.